EXECUTIVE ORDER MJF 02-71

Bond Allocation The Finance Authority Of New Orleans

WHEREAS,pursuant to the Tax Reform Act of 1986 and Act 51 of the 1986 Regular
Session of the Louisiana Legislature, Executive Order No. MJF 96-25, as
amended by Executive Order No. MJF 2000-15, was issued to establish: (1) a
method for allocating bonds subject to private activity bond volume limits,
including the method of allocating bonds subject to the private activity bond
volume limits for the calendar year of 2002 (hereafter "the 2002 Ceiling"); (2)
the procedure for obtaining an allocation of bonds under the 2002 Ceiling;
and (3) a system of central record keeping for such allocations; and

WHEREAS,The Finance Authority of New Orleans has requested an allocation from the
2002 Ceiling to be used in connection with a program providing mortgage
financing for qualified purchasers of single-family, owner-occupied
residences in the city of New Orleans, parish of Orleans, state of Louisiana, in
accordance with the provisions of Section 146 of the Internal Revenue Code
of 1986, as amended;

NOW THEREFORE I, M.J. "MIKE" FOSTER, JR., Governor of the state of Louisiana, by
virtue of the authority vested by the Constitution and laws of the state of
Louisiana, do hereby order and direct as follows:

SECTION 1:The bond issue, as described in this Section, shall be and is hereby granted an
allocation from the 2002 Ceiling as follows:

AMOUNT OF ALLOCATION

NAME OF ISSUER

NAME OF PROJECT

$5,000,000

The Finance Authority of New Orleans

Single Family Mortgage Revenue Bonds

SECTION 2:The granted allocation shall be used only for the bond issue described in Section 1
and for the general purpose set forth in the "Application for Allocation of a
Portion of the State of Louisiana Private Activity Bond Ceiling" submitted in
connection with the bond issue described in Section 1.

SECTION 3:The granted allocation shall be valid and in full force and effect through the end of
2002, provided that such bonds are delivered to the initial purchasers thereof
on or before December 23, 2002.

SECTION 4:All references in this Order to the singular shall include the plural, and all plural
references shall include the singular.

SECTION 5:The undersigned certifies, under penalty of perjury, that the granted allocation was
not made in consideration of any bribe, gift, or gratuity, or any direct or
indirect contribution to any political campaign. The undersigned also
certifies that the granted allocation meets the requirements of Section 146 of
the Internal Revenue Code of 1986, as amended.

SECTION 6:This Order is effective upon signature and shall remain in effect until amended,
modified, terminated, or rescinded by the governor, or terminated by
operation of law.

IN WITNESS WHEREOF, I have set my hand
officially and caused to be affixed the Great Seal
of the state of Louisiana, at the Capitol, in the city
of Baton Rouge, on this 6th day of December,
2002.